Price for Protein; Concentrates and Textured Protein Substances in Ireland - 2024
Contents:
- Price for Protein; Concentrates and Textured Protein Substances in Ireland (FOB) - 2024
- Price for Protein; Concentrates and Textured Protein Substances in Ireland (CIF) - 2022
- Exports of Protein; Concentrates and Textured Protein Substances in Ireland
- Imports of Protein; Concentrates and Textured Protein Substances in Ireland
Price for Protein; Concentrates and Textured Protein Substances in Ireland (FOB) - 2024
In March 2024, the average export price for protein; concentrates and textured protein substanceses amounted to $11,069 per ton, surging by 9.8% against the previous month. Overall, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in May 2023 an increase of 12% month-to-month. The export price peaked at $12,232 per ton in June 2023; however, from July 2023 to March 2024, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Greece ($26,371 per ton), while the average price for exports to Sweden ($5,314 per ton) was amongst the lowest.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was recorded for supplies to Norway (+14.2%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Protein; Concentrates and Textured Protein Substances in Ireland (CIF) - 2022
The average import price for protein; concentrates and textured protein substanceses stood at $8,278 per ton in 2022, rising by 11% against the previous year. Over the period under review, import price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for protein; concentrates and textured protein substanceses increased by +127.9% against 2019 indices. The growth pace was the most rapid in 2021 when the average import price increased by 93%. The import price peaked in 2022 and is likely to see steady growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Canada ($22,055 per ton), while the price for Spain ($3,022 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+20.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Protein; Concentrates and Textured Protein Substances in Ireland
In 2022, after three years of growth, there was significant decline in shipments abroad of protein; concentrates and textured protein substanceses, when their volume decreased by -17.6% to 3.2K tons. Overall, exports, however, recorded significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 121%. As a result, the exports attained the peak of 3.9K tons, and then dropped remarkably in the following year.
In value terms, exports of protein; concentrates and textured protein substanceses dropped sharply to $31M in 2022. In general, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 140% against the previous year. As a result, the exports reached the peak of $38M, and then contracted rapidly in the following year.
| Export of Protein; Concentrates and Textured Protein Substances in Ireland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 3.7 | 6.2 | 10.9 | 10.5 | 41.6% |
| Netherlands | 3.2 | 1.3 | 17.3 | 9.1 | 41.7% |
| Germany | 0.9 | 2.5 | 3.3 | 3.1 | 51.0% |
| France | 0.8 | 1.3 | 1.3 | 2.1 | 37.9% |
| Croatia | 0.5 | 0.6 | 0.5 | 0.9 | 21.6% |
| Spain | 0.7 | 0.8 | 0.6 | 0.9 | 8.7% |
| Italy | 0.2 | 1.0 | 1.0 | 0.8 | 58.7% |
| United States | 0.2 | 0.3 | 0.2 | 0.6 | 44.2% |
| Greece | 0.8 | 0.4 | 0.4 | 0.5 | -14.5% |
| Sweden | N/A | 0.2 | 0.7 | 0.5 | 58.1% |
| Others | 1.7 | 1.4 | 2.0 | 1.9 | 3.8% |
| Total | 12.6 | 16.0 | 38.3 | 30.7 | 34.6% |
Top Export Markets for Protein; Concentrates and Textured Protein Substances from Ireland in 2022:
- United Kingdom (1284.2 tons)
- Netherlands (659.9 tons)
- Germany (357.9 tons)
- France (190.3 tons)
- Sweden (112.5 tons)
- Italy (108.6 tons)
- Spain (102.7 tons)
- Croatia (72.4 tons)
- United States (56.8 tons)
- Greece (42.0 tons)
Imports of Protein; Concentrates and Textured Protein Substances in Ireland
In 2022, supplies from abroad of protein; concentrates and textured protein substanceses decreased by -27.5% to 3.4K tons, falling for the second year in a row after two years of growth. In general, imports showed a abrupt downturn. The most prominent rate of growth was recorded in 2020 when imports increased by 12% against the previous year. As a result, imports attained the peak of 7.4K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of protein; concentrates and textured protein substanceses reduced rapidly to $28M in 2022. The total import value increased at an average annual rate of +5.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 23%. As a result, imports attained the peak of $35M, and then contracted dramatically in the following year.
| Import of Protein; Concentrates and Textured Protein Substances in Ireland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 18.0 | 19.5 | 24.5 | 16.8 | -2.3% |
| Netherlands | 0.7 | 2.6 | 5.5 | 4.8 | 90.0% |
| China | 0.4 | 0.7 | 1.2 | 1.6 | 58.7% |
| Germany | 0.3 | 0.4 | 0.5 | 0.7 | 32.6% |
| Philippines | N/A | N/A | 0.2 | 0.6 | 200.0% |
| Poland | 0.3 | 0.3 | N/A | 0.6 | 26.0% |
| France | 0.9 | 1.1 | 0.4 | 0.5 | -17.8% |
| Belgium | 1.5 | 1.7 | 0.2 | 0.3 | -41.5% |
| Spain | 0.2 | 0.8 | 0.3 | 0.3 | 14.5% |
| Slovakia | N/A | N/A | N/A | 0.2 | 0% |
| Others | 1.6 | 1.3 | 2.1 | 1.7 | 2.0% |
| Total | 24.0 | 28.4 | 34.9 | 28.1 | 5.4% |
Top Suppliers of Protein; Concentrates and Textured Protein Substances to Ireland in 2022:
- United Kingdom (1383.3 tons)
- Netherlands (733.9 tons)
- China (359.7 tons)
- France (160.2 tons)
- Germany (129.9 tons)
- Spain (110.8 tons)
- Philippines (92.0 tons)
- Poland (88.2 tons)
- Belgium (69.8 tons)
- Slovakia (51.8 tons)
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